Donations to 501(c)(4)’s and the gift tax

This issue is in the news.

Donors to nonprofit groups that are spending millions on political ads this election have escaped public scrutiny because their donations don’t have to be disclosed. But can they escape a hefty a tax bite?

That’s a new question raised by lawyers familiar with nonprofit tax law and by at least one group that advocates for public financing of elections.

TaxProf is all over this.

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